Property investors who have had real estate in Manifold Heights, 3218 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.43%
Manifold Heights,3218 has offered an average of 11.43% return per annum in house price rises to property investors over the last three years.
Manifold Heights, 3218 is offering VIC ‘s 525th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
Often selling an investment property can take time, and in Manifold Heights the average time real estate has been on the market is 38.29 days.
The VIC suburb of Manifold Heights, 3218 is in the Greater Geelong (C) local government area.
Over the last year, property investments in Manifold Heights, 3218 have given investors a capital gain of 4.42%. This compares averagely with the 2.97% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Manifold Heights,3218 has racked up an average of 4.42% over the period. This ranks it number 983th in the whole country for real estate investors looking at median house price increases.
In the last year 11 properties changed hands in Manifold Heights, which puts it as the 339th most active market in VIC when comparing the number of sales per suburb.
Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.Full summary
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Metro suburb soars to new heights
Median house price: $583,050
Three-year growth: 14.32%
Rental yield: 3.17%
Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.
Manifold Heights recorded almost 23% growth in the past 12 months, with average annual growth coming in at 7.4%. This is indicative of its potential value in the long term should the trend keep up. For 2017, the suburb is off to a strong start – in the January quarter, prices continued to increase by almost 10%. Manifold Heights’s rising profile also benefits sellers, who have homes snapped up at an average discount rate of just 3.8%.
One of the suburb’s top drawing cards is its proximity to the Geelong CBD, which is itself a central CBD in regional Victoria. The city provides considerable employment opportunities in the medical and education industries, and is also home to many entertainment venues. Thus, residents are within easy reach of whatever they need.Close